Heavy Oil Upgrading Technology Investment (Cairo)
The company is seeking $3.5M in exchange for equity.
The lab prototype has been successfully completed and yields are 95% light oil (compared to 80% for conventional processes).
Objectives: Demonstration of heavy oil plant Protected content
Project duration: Protected content .
The funds will be used for:
1) Up scaling our current lab prototype to 10 barrels per day. This small plant will be used as a test facility for testing and analyzing various oils provided by heavy oil producers.
2) Building a Protected content demonstration plant. Upon completion of this milestone the company will be in a position to negotiate licensing or joint exploitation contracts or to go public.
Commercial plants( Protected content ) would then be constructed for and financed by clients.
Plz pm me if you're interested or if you have any contacts that may be interested.